Mccormick Disability Benefit Plan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,793,561 | 1,949,058 | −155,497 | 8.6 | 0% |
| 2012 | 1,827,110 | 2,063,413 | −236,303 | 6.8 | 0% |
| 2013 | 1,851,155 | 1,916,776 | −65,621 | 6.9 | 0% |
| 2014 | 2,033,633 | 2,305,615 | −271,982 | 4.3 | 0% |
| 2015 | 1,937,894 | 2,364,985 | −427,091 | 2.0 | 0% |
| 2016 | 2,281,033 | 2,227,207 | 53,826 | 2.4 | 0% |
| 2017 | 2,421,119 | 2,327,324 | 93,795 | 2.8 | 0% |
| 2018 | 2,629,152 | 2,399,397 | 229,755 | 3.3 | 0% |
| 2020 | 2,635,757 | 2,473,309 | 162,448 | 4.0 | 0% |
| 2021 | 2,738,205 | 3,079,532 | −341,327 | 1.9 | 0% |
| 2022 | 2,960,397 | 3,119,268 | −158,871 | 1.2 | 0% |
| 2023 | 3,085,412 | 3,491,276 | −405,864 | -0.3 | 0% |
In its most recent public year (2023), this organization spent $405,864 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.3 months), down from 8.6 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Mccormick Disability Benefit Plan's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works